Portland Aluminium Smelter Needs Reliable, Cheap Power To Stay In Business After 2021: Partners
If the Portland smelter in Australia is to stay open past 2021, it must have a deal on reliable power...
Alumina Ltd
Deals With Government, Power Companies Provide Alcoa Australia A Five-Year Respite
Alcoa Australia’s future is secure for another five years after the firm struck deals with electrical providers and the state government that include lower power costs and a A$160 million (US$124 million) aid package. The deals with AGL Energy, Origin Energy, and...
Alumina Ltd. Boss Sees Opportunity in Possible U.S. Aluminium Tariffs
Though many stakeholders in the global aluminium sector fear the consequences tariffs levied upon them by the United States government...
Half of Damaged Aluminium Production Back Online at Alcoa’s Portland Smelter
Another step in the recovery of Alcoa’s Portland plant was taken this week, as the firm announced that half the...
Events
Ferraro Replaces Wasow as Alumina Ltd.’s CEO
Melbourne’s Alumina Limited announced the retirement of CEO Peter Wasow from the company earlier today. Wasow’s successor in the role will be now-former director Mike Ferraro. The firm gave no reason for Wasow’s departure in the announcement. Ferraro, who will be replacing him upon his retirement on May 31, operates a commercial and resource law […]
Higher Power Prices Prompt Partners’ Write Down in Portland Aluminium
Higher power prices negotiated by the operators of Portland Aluminium with AGL Energy have prompted them to write down their stake in the joint venture by a total of USD229 million. Year-end filings by Alumina Ltd indicate that the firm and its partner Alcoa wrote down their stake in the smelter by USD126 million each. […]
AWAC to Close Suriname’s Suralco Refinery
Aluminium producer Alcoa Corporation announced yesterday that it would be closing the Suralco alumina refinery and bauxite mines in Suriname. The firm said in a press release that the mine had been curtailed for over a year prior to this announcement. Alcoa said also that it would not close the refinery’s power source, the Afobaka […]
AWAC Inks First Major Bauxite Supply Agreement with Third-Party Buyer
Alcoa Corporation announced yesterday that its joint venture Alcoa World Alumina and Chemicals (AWAC) has obtained its first significant supply contract with a third party. AWAC has agreed to supply 400 thousand bone dry metric tons (400 million kilograms with zero percent moisture content) from its Huntly mine in Western Australia. Alcoa did not identify […]
Australian Federal, State Governments Team Up With Union to Restart Alcoa’s Portland Smelter
Alcoa’s plant in Portland, Victoria, Australia is assessing the damage left after a five-and-one-half-hour power outage last week. Although the damage to the smelter may be significant, the Australian federal government has taken the surprising step of pledging to help the plant get back on its feet. The plant, whose ownership is split among Alcoa […]
Biden Infrastructure Bill A Big Boon To Aluminium Industry: Norsk Hydro VP Mike Stier
Earlier this month the United States Congress passed into law President Joe Biden’s US$1.2 trillion infrastructure package. The Investing in a New Vision for the Environment and Surface Transportation in America Act (or the INVEST in America Act) will allocate US$550 billion ...
The Net-Zero Shift Starts With Low Carbon Aluminium
2020 was supposed to be “year of climate action”, with the Glasgow COP26 acting as a major milestone for both ...
Aluminium at the LME Week – Key Takeaways
Between October 28 and November 1st, London hosted the traditional London Metals Exchange (LME) Week gathering of analysts, brokers, traders ...
Aluminium Market Oversupplied, Demand Growth Flat
Base metals prices reacted positively to the progress registered in the latest round of US – China trade talks in ...
